Mark J. Nelson - Jun 24, 2024 Form 4 Insider Report for Local Bounti Corporation/DE (LOCL)

Role
Director
Signature
/s/ Kathleen Valiasek, as Attorney-in-Fact for Mark J. Nelson
Stock symbol
LOCL
Transactions as of
Jun 24, 2024
Transactions value $
-$33,196
Form type
4
Date filed
6/26/2024, 05:10 PM
Previous filing
Jun 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCL Common Stock Sale -$10.7K -3.7K -8.16% $2.89 41.6K Jun 24, 2024 Direct F1, F2
transaction LOCL Common Stock Sale -$22.5K -8.41K -20.22% $2.68 33.2K Jun 25, 2024 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on November 14, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $2.85 to $2.92. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This transaction was executed in multiple trades at prices ranging from $2.60 to $2.87. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide, upon request, to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.